Coinbase is the best performance in S&P 500 in June, may move above

Coinbase It is the best performance in S & P 500 In June, it is supported by positive organizational updates, the launch of products, and of course, it includes in the Standard Stock Index at the end of May.

Crypto Exchange performance at the S&P 500 index extends to the lowest level in the April 8 market, after he sent President Donald Trump’s initial shares’ announcement.

Coinbase is now at the pace of its third monthly earnings, 44 % in June alone, and its first gathering for three months since the end of 2023. On Thursday, the stock has achieved its highest level since its first year of offer in 2021.

“the S & P 500 Insertthe Senate has passed the Genius Law and Very strong performance to circle “He has eliminated Coinbase’s wrong novels and people wake up.”

I raised restrictions

“The two Coinbase was a case pressure pressure – not, and in fact, Coinbase was constantly generating positive profits, and for this reason they were included in the S&P 500 – and the uncertainty.” “Many people do not think that there will be any consensus that comes out of Congress … The truth is that we see the passage of the genius.”

Genius It defines the first federal framework for the country with a dollarHe granted a sweeping authority to the Treasury and opened the door for banks, technology and retail dealers.

Even with Coinbase by 44 % this month, the arrow has an area to estimate more, according to Devin Ryan, head of financial technology research at Citizens JMP Securities. He said the market does not link points on Coinbase’s close relationship with Circle Internet Group. Serkel first appeared on the New York Stock Exchange on June 5 and more than 500 % has risen since then.

According to the revenue share agreement, Coinbase maintains a 100 % revenue from everyone USDC Ryan said nearly 50 % of all other USDC revenues, “which is 99 % of the current revenue.”

USDC is the STADLECOIN issued by Circle. Stablecoins is a sub -group of encrypted currencies associated with the value of assets in the real world. on 99 % of all stablecoins It is linked to the US dollar price.

Another way to play

“However, Coinbase does not bear any operating costs of Circle,” said Ryan. “If the market is directly in the current bi -up of Circle, Coinbase is another way to play it – and with its describing financial description, there appears to be much more value in Coinbase.”

Coinbase, whose basic business is trading, expands the encryption services group over the past many to include areas such as nursery, interestPortfolio services and stablecoins.

This month, the company strengthened its subscription plan by presenting it The first encryption credit card In partnership with American Express. It also made a partnership with Shopify And the first time the STABLECOIN payment service for e -commerce. Jpmorgan I made a partnership with the encryption company To launch its own version from Stablecoin,, Which it calls it a “deposit code” on the Blockchain base in Coinbase.

“It is clear that there is a trading of feelings that occur in encryption where the founding investors are looking at the area, and many of them are the first, and they want to express a positive point of view on the development of encryption from the speculative assets category to one of the benefit – with legislative clarity as the main catalyst – and Coinbase is the most direct way to invest in those reasons.

Anxiety

Lao Ouinheimer said: If there is a single concern, it is in the trading volume. The average daily volume of encryption transactions on the Coinbase platform has turned to a decrease since April, which may be a risk to the company and other encryption trading providers who are heading to the second half of the year.

The analyst is optimistic that organizational expectations can be transformed, specifically if the industry obtains the legislation of the market structure at the top of Stablecoin legislation.

Lao said: “If we brought the genius law to” Stablecoin Summer “, I think that the passage of the law of clarity in the end can bring us to the summer of Altcoin.” “So at the end of this year, I see another catalyst that can reflect this trend because there will be animal spirits, and people will buy altcoins like Crazy if we exceed the market structure bill.”